JITNEY-JUNGLE GETS $37 MILLION LOAN PLEDGE

JACKSON, Miss. -- Jitney-Jungle Stores of America here said last week it has obtained a five-year financing commitment of $37.7 million -- a loan the debt-laden company hopes will help ease some of its capital needs.Ronald E. Johnson, president and chief executive officer, told SN the term loan will enable Jitney to focus on day-to-day operations while continuing to explore strategic alternatives.

JACKSON, Miss. -- Jitney-Jungle Stores of America here said last week it has obtained a five-year financing commitment of $37.7 million -- a loan the debt-laden company hopes will help ease some of its capital needs.

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